How does prior firm-founding experience affect subsequent venture performance? I examine the effect of founders' prior firm-founding experience on the survival rate and the rate of return on investment in subsequent ventures. Estimates of this relationship take into account selection effect of...

The existing literature in both public economics and financial economics often fails to consider how appropriate and effective public policy may be in promoting the venture capital industry. Public economics has dealt extensively with the effect of taxes and subsidies but has neglected the...

Bill Draper examines the relationship between venture capitalists and entrepreneurs, discusses how to evaluate innovative ideas and the role of political leadership in creating opportunity, and provides real-life examples